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\title[Quantile Regression]{Going beyond Models for the Conditional Mean}
%\title[Short Title]{Long Title}
\subtitle{An Introduction to Quantile Regression}


%\author[Name to appear in every slide]{Author name to appear in Title}
\author[Hengheng]{Hengheng Chen}


\institute[Virginia Tech]{%
    \textcolor{Maroon}{{\Large Virginia Tech}}\\
    Department of Economics 
}


\date[Fifth Third Bank] % (optional, should be abbreviation of conference name)
{Fifth Third Bank, Fall 2011}
% - Either use conference name or its abbreviation.



\begin{document}

\begin{frame}
  \titlepage
\end{frame}

%\section{Outline}
%\frame{\tableofcontents}

\section{Motivation}





\begin{frame}
  \frametitle{Outline}
  \tableofcontents
  % You might wish to add the option [pausesections] to display one at a time
\end{frame}

\section{Estimation}

\begin{frame}
\frametitle{Software Packages}
\begin{itemize}
\item STATA: ``QREG" command 

\jl

\item SAS: ``QUANTREG" procedure - SAS 9.1 

\jl

\item R: ``QUANTREG" library - \texttt{lib.stat.cmu.edu/R/CRAN}
\end{itemize}
\end{frame}

\section{Example}

\section{Issue}

\begin{frame}
\frametitle{Perils and Pitfalls (I)}
\begin{itemize}
\item Outlier 

\jl

\item Heteroscedasticity - Efficiency Loss\\
Remedy: Weighted Quantile Regression

\jl

\item Endogeneity - Biased and Inconsistent Estimates\\
Remedy: Instrument Variables
\end{itemize}
\end{frame}

\begin{frame}
\frametitle{Perils and Pitfalls (II)}
\begin{itemize}
\item Sample Selection - Sampling Bias\\
No unified approach!

\jl

\item Nonlinear in Parameters - Computational Problems\\
Remedy: Effective Algorithms for Optimization
\end{itemize}
\end{frame}

\section{Extension}

\begin{frame}
  \hspace{4cm} \Large\textbf{Thank You!}
\end{frame}



\end{document} 